Russell Investments Group Ltd. grew its stake in shares of BMC Stock Holdings Inc (NASDAQ:BMCH) by 10.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,516 shares of the company’s stock after purchasing an additional 36,122 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.59% of BMC Stock worth $8,380,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of BMCH. Ameritas Investment Partners Inc. boosted its stake in shares of BMC Stock by 20.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after purchasing an additional 989 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of BMC Stock by 2,853.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after purchasing an additional 6,905 shares during the period. Aperio Group LLC purchased a new stake in shares of BMC Stock during the third quarter valued at $209,000. Koch Industries Inc. purchased a new stake in shares of BMC Stock during the second quarter valued at $244,000. Finally, Sei Investments Co. boosted its stake in shares of BMC Stock by 2,582.9% during the third quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $288,000 after purchasing an additional 12,992 shares during the period.
A number of analysts have recently issued reports on BMCH shares. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of BMC Stock in a research note on Monday, October 9th. FBR & Co lowered their price objective on shares of BMC Stock from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective (up from $22.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective (up from $23.00) on shares of BMC Stock in a research note on Tuesday, November 7th. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.00.
BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The business had revenue of $881.01 million during the quarter, compared to analysts’ expectations of $888.09 million. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. analysts anticipate that BMC Stock Holdings Inc will post 0.98 EPS for the current year.
In other BMC Stock news, Director Jeffrey Gene Rea sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total value of $1,650,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Alan Farmer sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $22.20, for a total transaction of $44,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,000 shares of company stock valued at $4,009,640. 3.70% of the stock is owned by insiders.
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About BMC Stock
BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.
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